IPO : Innova Captab Limited
Innova Captab Limited IPO
| SYMBOL | INNOVACAP |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | Thursday, December 21, 2023 |
| ISSUE CLOSES ON | Tuesday, December 26, 2023 |
| ISSUE PRICE | ₹426 to ₹448 per share |
| ISSUE SIZE | Up to Rs.570.00 Crores |
| FACE VALUE | Rs.10 per share |
Innova Captab IPO is a book built issue of Rs 570.00 crores. The issue is a combination of fresh issue of 0.71 crore shares aggregating to Rs 320.00 crores and offer for sale of 0.56 crore shares aggregating to Rs 250.00 crores.
Innova Captab IPO opens for subscription on December 21, 2023 and closes on December 26, 2023. The allotment for the Innova Captab IPO is expected to be finalized on Wednesday, December 27, 2023. Innova Captab IPO will list on BSE, NSE with tentative listing date fixed as Friday, December 29, 2023.
| MINIMUM BID | 33 shares |
| MINIMUM AMOUNT | Rs.14,784 |
| MAXIMUM BID | 429 shares |
| MAXIMUM AMOUNT | Rs.192,192 |
| LISTING DATE | Friday, December 29, 2023 |
| LISTING AT | NSE, BSE |
Innova Captab IPO price band is set at ₹426 to ₹448 per share. The minimum lot size for an application is 33 Shares. The minimum amount of investment required by retail investors is ₹14,784. The minimum lot size investment for sNII is 14 lots (462 shares), amounting to ₹206,976, and for bNII, it is 68 lots (2,244 shares), amounting to ₹1,005,312.
Objects of the Issue (Innova Captab IPO Objectives)
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- 1. Repayment and / or prepayment in part or in full, of certain outstanding loans of the Company;
- 2. Investment in the Subsidiary, UML, for repayment and / or prepayment in part or full of outstanding loans availed by UML;
- 3. Funding the working capital requirements; and
- 4. General corporate purposes
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